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Latest articles from Turkey

Albaraka steps into Turkish sukuk market

Albaraka steps into Turkish sukuk market

June 3, 2013

Turkey is a relatively new market for sukuk issuance compared with Malaysia and the Middle East, but its Islamic banks are now at the forefront of subordinated sukuk structures, led by Albaraka Turk and its innovative murabaha issue.

Ahead of the game

Turkey's banks embrace the digital generation

May 1, 2013

In Turkey, banks have stopped talking about alternative delivery channels. They consider all channels – including branches, ATMs and mobile – a core business, and this rise in digital banking is spurring competition and, as a result, innovation.

Turkey's ambitious 10-year plan

May 1, 2013

Turkey has set itself some ambitious targets for the next 10 years, not least wanting to become one of the world's 10 largest economies. There are a number of obstacles that it must overcome first, however, with a significant savings gap, a deep current account deficit and a poor record in attracting foreign direct investment.

Turkey revamps its capital markets

Turkey revamps its capital markets

May 1, 2013

As part of its drive to make the country more attractive to international investors and strengthen its economy, Turkey has kick-started a series of capital markets reforms by bringing its three exchanges under one roof, thus establishing the Borsa Istanbul.

Ali Engin Eroglu

Vakifbank steps up to compete in Turkey's high-tech market

May 1, 2013

Vakibank's five-year plan to upgrade its IT infrastructure and completely remake its core banking application is ambitious but, according to CIO Ali Engin Eroglu, it is vital if the bank is to keep pace with Turkey's technology-focused banking sector.

DenizBank exports its IT expertise

DenizBank exports its IT expertise

February 25, 2013

DenizBank's modern, nimble IT system has a series of admirers in the banking world, and includes none other than Bill Gates among those who it has impressed. The bank's chief operating officer tells The Banker how DenizBank is now ready to take its IT knowhow to a wider international audience.

Banks to watch in 2013, Odea Bank

February 1, 2013

The Banker has identified 13 banks to keep an eye on in the coming year based on a variety of factors. A new entrant to the Turkish market Odea Bank – a subsidiary of Lebanon’s Bank Audi – has set an ambitious target to become one of the top 15 banks in Turkey by the end of 2017, making it one to watch over the next few years.

Turkey targets IFC status

Can Turkey meet IFC target in next decade?

January 2, 2013

Turkey’s government wants to establish Istanbul as an international financial hub in time for the country’s 100th anniversary as a republic in 2023. The country's geographical location certainly works to its advantage, but it has much to achieve in just 10 years. Will it succeed?

Hussain Al Qemzi

Noor Islamic Bank pushes Islamic finance towards maturity

November 7, 2012

Islamic finance is increasingly being viewed as a credible alternative to conventional finance, but Hussain Al-Qemzi, group chief executive of Dubai-based Noor Investment Group and chief executive of Noor Islamic Bank, recognises that Islamic institutions must work together if they are to compete with conventional banks.

Islamic finance looks to pastures new

Islamic finance looks to pastures new

November 7, 2012

To maintain its phenomenal growth rates, Islamic finance is increasingly looking beyond sukuk and property investment to growth areas such as renewable energy and healthcare. 

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